Intermediate Business Interruption Insurance

Description

This interactive course provides participants with an opportunity to explore business interruption insurance in more depth than the introductory course.

What you will learn

At the end of the course you will be able to:

  • Explain how to overcome the problems of handling this class of business
  • State in detail how a gross profit figure is arrived at from a set of accounts
  • Explain in detail the workings of the standard gross profit, revenue and fees policy covers and definitions and explain how they work in practice to enable delegates to select the most appropriate cover for their clients
  • Provide a detailed explanation of the difference between declaration linked and traditional (sum insured) methods of arriving at a gross profit figure and recognise the advantages and disadvantages of both
  • Explain in detail the main features of a business that will affect the setting of an appropriate maximum indemnity period
  • Detail how a simple claim is settled and the role of the loss adjuster
  • Recognise the main features of a risk that will influence an underwriter in their assessment of acceptability and rating
  • Detail what cover is available for damage occurring away from the client's premises and identify the main extensions available.

Further information

Chartered Insurance Institute (CII)
Provider:
Chartered Insurance Institute (CII)
Duration:
1 Day
Price:
POA
Availability:
On demand
Course type:
Classroom
Locations:
Belfast, Birmingham, Bristol, Doncaster, Edinburgh, Glasgow, Haywards Heath, Leeds, Leicester, London, Manchester, Newcastle, Norwich, York

Contact Information

Chartered Insurance Institute (CII)

20 Aldermanbury
London
EC2V 7HY

Credentials

Locations